Wall Street brokerages expect Kforce Inc. (NASDAQ:KFRC) to announce earnings per share of $0.68 for the current quarter, according to Zacks. Three analysts have made estimates for Kforce’s earnings. The highest EPS estimate is $0.69 and the lowest is $0.67. Kforce reported earnings per share of $0.65 during the same quarter last year, which would suggest a positive year over year growth rate of 4.6%. The business is expected to issue its next quarterly earnings results on Wednesday, February 5th.
On average, analysts expect that Kforce will report full-year earnings of $2.38 per share for the current financial year, with EPS estimates ranging from $2.37 to $2.39. For the next year, analysts expect that the business will report earnings of $2.79 per share, with EPS estimates ranging from $2.71 to $2.85. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Kforce.
Kforce (NASDAQ:KFRC) last released its quarterly earnings data on Wednesday, October 30th. The business services provider reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.01. Kforce had a return on equity of 30.85% and a net margin of 9.71%. The firm had revenue of $345.60 million during the quarter, compared to analyst estimates of $340.32 million. During the same quarter in the prior year, the firm posted $0.64 earnings per share. The business’s quarterly revenue was down 2.8% compared to the same quarter last year.
KFRC has been the topic of a number of analyst reports. William Blair restated an “outperform” rating on shares of Kforce in a research report on Friday, September 20th. BidaskClub upgraded shares of Kforce from a “sell” rating to a “hold” rating in a report on Wednesday.
KFRC traded up $0.23 during trading on Friday, hitting $39.99. 1,919 shares of the stock traded hands, compared to its average volume of 114,021. The firm has a market capitalization of $898.89 million, a P/E ratio of 17.20 and a beta of 1.20. Kforce has a 12-month low of $27.95 and a 12-month high of $42.64. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.87 and a quick ratio of 2.87. The firm has a 50-day moving average of $39.62 and a 200 day moving average of $36.24.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a $0.18 dividend. The ex-dividend date is Thursday, December 5th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.80%. Kforce’s dividend payout ratio is currently 31.30%.
In other Kforce news, President Joseph J. Liberatore sold 8,001 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $40.91, for a total value of $327,320.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman David M. Kelly sold 19,985 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $439.23, for a total transaction of $8,778,011.55. Insiders have sold 45,524 shares of company stock worth $9,780,650 over the last three months. Insiders own 11.80% of the company’s stock.
Several hedge funds have recently bought and sold shares of KFRC. Cubist Systematic Strategies LLC boosted its position in shares of Kforce by 4.4% during the second quarter. Cubist Systematic Strategies LLC now owns 9,323 shares of the business services provider’s stock valued at $327,000 after purchasing an additional 391 shares in the last quarter. A.R.T. Advisors LLC grew its stake in Kforce by 9.7% in the second quarter. A.R.T. Advisors LLC now owns 7,943 shares of the business services provider’s stock worth $279,000 after purchasing an additional 700 shares during the period. Zebra Capital Management LLC grew its stake in Kforce by 12.1% in the second quarter. Zebra Capital Management LLC now owns 8,540 shares of the business services provider’s stock worth $300,000 after purchasing an additional 922 shares during the period. Prudential Financial Inc. raised its holdings in Kforce by 0.4% in the second quarter. Prudential Financial Inc. now owns 213,733 shares of the business services provider’s stock worth $7,500,000 after purchasing an additional 925 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in Kforce by 2.5% in the second quarter. Envestnet Asset Management Inc. now owns 43,524 shares of the business services provider’s stock worth $1,527,000 after purchasing an additional 1,044 shares in the last quarter. Hedge funds and other institutional investors own 85.17% of the company’s stock.
Kforce Inc provides professional staffing services and solutions in the United States and internationally. It operates through Technology (Tech), Finance and Accounting (FA), and Government Solutions (GS) segments. The Tech segment provides temporary staffing and permanent placement services to its clients primarily in the areas of information technology, such as systems/applications architecture and development, project management, enterprise data management, business intelligence, artificial intelligence, machine learning, network architecture, and security.
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